| 1. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial crisis and bank profitability
- 2010
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Ingår i: Wolpertinger Conference 2010, European Association of University Teacher of Banking and Finance, Sept 8-12, Bangor, Wales.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)
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| 2. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial Crisis and Bank Profitability
- 2011
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Ingår i: Bank Performance, Risk and Firm Financing. - Houndmills, Basingstoke, Hampshire UK : Palgrave Macmillan. - 9780230313354 ; , s. 83-105
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- This paper examines the impact of the financial crisis on the profitability of Swedish banks. At the beginning of the crisis many banks experienced liquidity problems due to a mismatch in their funding of loans. Aside ordinary savings deposits these banks had for a number of years been financing long-term (mortgage) lending with short-term borrowing on the market. Without resolute interventions by the Government, issuing general banking guarantees, and the Central bank, fuelling the market with liquidity to ever lower interest rates, the financial system might have collapsed totally. This moved the focus from liquidity risk to credit risk. A major concern for bigger commercial banks also operating internationally has been how to manage anticipated and increasingly realized credit losses on the Baltic markets. It seems as their loan loss provisions to a great extent have been covered by greater interest rate margins on the Swedish market. Whether wider margins are motivated by a larger risk exposure of the banks or/ and mainly explained by weaker competition on the financial market is not fully clear. This issue is explored more in depth in this study. Particular emphasis is put on whether there are differences between banks and between different regions (sub-markets). Conducted (econometrical) analyses are based on financial data on an annual but to some extent also a quarterly basis.
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| 3. |
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| 4. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel
- 2017
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Ingår i: 2017 Wolpertinger Conference, 31 August - 2 September, Santander.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This paper analyses spill over between banks and firms when capital is regulated. The current empirical findings and theories observe effects (positive or negative) mainly on SME’s. We contribute to the existing literature by combining determinants of demand and supply of bank credits with respect to both bank and firm options of alternative, or no funding. The study empirically compares Swedish banks and Swedish SME funding with respect to capital regulation in banking. This makes it possible to simultaneously study theories regarding bank monitoring, competition and regulatory arbitrage opportunities with respect to regulations. The main results indicate that there are no effects to the volume of loans from banks, but a significant impact on the loan prices, which we can explain by racing for yield and regulatory arbitrages by the banks.
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| 5. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel.
- 2018
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Ingår i: Contemporary Issues in Banking: Regulation, Governance and Performance. - Basingstoke : Palgrave Macmillan. - 2523-336X. - 9783319902937 ; , s. 279-302
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Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 6. |
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| 7. |
- Elliot, Viktor, et al.
(författare)
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The impact of recent regulatory reforms on cross-border correspondent banking: A study of the Nordic markets
- 2018
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Ingår i: Wolperting Conference on Banking and Finance.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Banks are fundamental to trade between countries and the relationships between banks in different countries are part of the global infrastructure. In recent years this infrastructure has been put under pressure by stricter regulations, both within the Basel III agenda and with regards to money laundering and terrorist financing. The Financial Stability Board (FSB, 2016, p. 3) notes that “A decline in the number of correspondent banking relationships is a source of concern for the international community because it may affect the ability to send and receive international payments, or drive some payment flows underground, with potential consequences on growth, financial inclusion, as well as the stability and integrity of the financial system,”. Still, present analyses of cross-border banking remain anecdotal and tend to focus on dyadic buyer/supplier relationships. In this study, we present empirical results from interviews with the six leading Nordic banks and the Swedish export credit agency. We find that although all six banks have significantly reduced the number of correspondent banking relationships (CBRs), they approach the reduction in different ways. This means that their regulatory responses are similar at an aggregate level but quite different on the individual basis. The results further indicate that compliance costs have risen extensively with potential implications on trade.
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| 8. |
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| 9. |
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| 10. |
- Lindblom, Ted, 1956, et al.
(författare)
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Banks' Operational Risk Measurement in Practice: Swedish banks' adaptation to the Basel II accord
- 2009
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Ingår i: Wolpertinger Conference 2009, European Association of University Teachers of Banking and Finance, Sept 2-5, Rome, Italy.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Since the implementation of Basel II in 2007, risk management in banks includes capital adequacy requirement also for operational risk. A bank‟s exposure to risk may be evaluated based on three measurement approaches with different degree of sophistication. The aim of this paper is to evaluate Swedish banks‟ adoption of regulatory risk measurement approaches over the first two years of Basel II. Particular interest is paid to the impact of the financial crisis and the proportion of capital held by the banks depending on how they measure exposure to operational risk as well as in relation to their exposure to credit and market risk. We find that most banks are using the default approaches provided by the regulatory body as it does not pay off to use a more sophisticated approach. The use of more advanced approaches depends primarily on the size of the bank, but also its ownership. Finally, there is strong relationship between the banks‟ choice of operational risk approach and their regulatory approach used for measuring exposures to credit risk.
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| 11. |
- Lindblom, Ted, 1956, et al.
(författare)
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Basel III and Banking Efficiency
- 2013
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Ingår i: Bank Performance, Risk and Securitisation. Edited By Joseph Falzon.. - London : Palgrave Macmillan. - 9781137332080 ; , s. 20-36
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Bokkapitel (refereegranskat)abstract
- The overall aim of the Basel III accord is to minimize and preferably eliminate the risk of global financial turmoil’s in the future. The accord is emphasising the importance of increasing the capitalization of banks and their liquidity. In this chapter we analyse its likely impact on banking efficiency. The analysis is based on a fictitious bank, which is operating at the very edge of the Basel II regulatory capital requirement and gradually adapts to the new regulatory framework. This analysis demonstrates that the new liquidity and capital adequacy requirements of Basel III are likely to have substantial effects on both the returns and risk exposures of banks. The higher liquidity requirement will not only lower the bank’s liquidity risk, which will lead to less interest revenue, but the bank will also lower its interest rate risk exposure. The sharpened capital adequacy requirements will on one hand result in lower return on equity. On the other hand, the return on assets will increase due to a lower proportion of debt in the bank’s funding. The analysis also implies that Basle III will cause a large price effect if market competition is too weak to make banks price-takers. Hence, a bank’s customers will have to pay higher prices for loans of the same risk class and/or get paid lower interest rates on their savings and deposits.
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| 12. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial crisis and EU banks’ performance
- 2011
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Ingår i: The 13th Annual SNEE European Integration Conference, May 17-20, 2011, Mölle, Sweden.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This study replicates a prior study on how the profitability of Swedish banks was affected by the financial crisis on banks in EU countries that are also members of BIS. Particular emphasis is put on analyzing how the crisis affected banks' profitability with respect to their exposures to different kinds of financial risk, i.e. to credit risk, liquidity risk, interest rate risk and capital risk. Comparisons are made between banks in different regions in the EU as well as between different types of banks in order to explore whether there are differences in the financial performance and risk-taking of the banks with respect to their geographical operations area (nationality) and association form.
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| 13. |
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| 14. |
- Willesson, Magnus, 1975
(författare)
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Att betala med kryptovalutor
- 2023
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Ingår i: En samhällsvetenskaplig introduktion till Bitcoin och Kryptovalutor Broberg O och Elliot V. ed. - Lund : Studentlitteratur. ; , s. 133-154
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Bokkapitel (refereegranskat)
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| 15. |
- Willesson, Magnus, 1975
(författare)
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Payment Efficiency and Payment Pricing : Four Essays
- 2007
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- The four essays in this Doctoral thesis provide new evidence of efficiency in electronic payments and banks due to the technological change in payment distribution systems and how banks can utilize and develop their pricing of payments in the presence of changing technology.“Benefits from a Changing Payment Technology in European Banking” identifies cost savings from technical change in European banking. Increasing use of electronic payments and ATMs in 12 European countries make banking operations costs $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations' GDP.“Efficiency of Banking Systems from Use of ATMs and Electronic Payments” analyses if the use of electronic payments and ATMs leads to more efficient banking. Part of the benefit seems to be passed on to the consumers which make effects on banking efficiency low even though more efficient payments are made.“Pricing of Card Payment Services in Scandinavian Banking” analyses why Scandinavian banks charge their card payment services to consumers the way they do. The different pricing strategies among banks are evaluated with respect to country specific and banking specific factors. The banks show low interest in charging transaction fees in order to encourage changing payment technology.“How Should a Bank Price Payment Services? – Challenges from the Theory of Two-Sided Networks” analyzes the manner in which a bank should price payment services. This includes the fact that the bank has the option to make profit on price bundling as well as from several payment networks. In addition to analysis of benefit based on two-sided markets, the profit at banks requires analysis of the consumers’ and merchants’ decisions for being member in a payment network or using a payment network. The analysis of the intrinsic benefits and network benefits is therefore complemented by analysis of their associated benefits.
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| 16. |
- Willesson, Magnus, 1975
(författare)
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Pricing in Payment Networks – A Case Study of Swedish Savings Banks and the Sharing of Fixed Costs in Two-Sided Networks
- 2007
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Ingår i: Size and Efficiency in the European Banking Industry Ed. Eleuterio Vallelado & Philip Molyneux. - Granada : Editorial Comares. - 9788498363135 ; , s. 117-136
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- The book tries to offer a perspective on the size and efficiency dilemma in the European Banking industry from different angles. We include works which not only take into account the latest developments in the field, but also introduce the behavioural issue and the institutional role. There are several chapters dedicated to specific topics in Italy, Spain, Sweden, Turkey and the UK. The analysis of Sweden deals with the relations of competition and cooperation in such country between large and small banks. Magnus Willesson, from the University of Göteborg, brings out new illustrations of investments and cooperation in payment networks as regards two-sided networks. A case, describing small Swedish savings banks’ use of a larger bank’s network, derives a perspective of investor and user problem of pricing. He illustrates that the sharing of fixed costs is a problem, especially in relations of two-sided markets, because on one hand it will lead to prices to the savings bank that are at premium compared to the marginal cost for covering fixed investment costs. On the other hand, if prices are set at the margin, the large bank customers will subsidise the small bank’s customers. A premium can be motivated only if the small bank can realise the benefit of the network service to increase benefit on their other services. The analysis of pricing in two-sided markets focuses on marginal benefit and prices. This chapter develops a real problem between savings banks and commercial banks in Sweden, where the small banks (savings) use the infrastructure of large banks (commercial). Willeson studies how fixed costs affect the relationship in a payment network between small and large banks by considering the benefit and pricing between an investor bank (large bank) and a user bank (small bank). The contract situation between network investor and network user influences the relationships between the two types of banks, which includes aspects of subsidisation between the customers of the banks. The application in this particular case requires additional knowledge about the incentives from the small bank and large bank to use a common payment network.
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